Beware Of These 4 Vacation Rental Cons Before Investing in 32254

If you’re thinking about investing in a vacation rental, make sure you beware of these 4 vacation rental cons before investing! Keep reading this blog post to find out what they are…

Investing in real estate is a great idea, and one of the many ways that you can invest is by acquiring vacation rental properties, which can be high-paying, in-demand properties with great short-term tenants.However, the picture is not all perfect, so you should make sure you do all of your due diligence before investing. Specifically, beware of these 4 vacation rental cons before investing. Of course, these might not be deal breakers for you but you should at least know about them.

However, the picture is not all perfect, so you should make sure you do all of your due diligence before investing. Specifically, beware of these 4 vacation rental cons before investing. Of course, these might not be deal breakers for you but you should at least know about them.

Beware Of These 4 Vacation Rental Cons Before Investing

Con #1. Specific Location

Most vacation rental tenants will want to be somewhat close to a specific vacation destination.

For example, if you own a vacation property in a large ocean-side city, your tenants will want to be closer to the ocean. Some may even prefer to be walking distance from whatever landmark or destination that attracted them to the city in the first place.

For that reason, when you invest in vacation rental property, make sure that you choose properties that are close to a tourist area.

Con #2. Higher Priced Houses

Location can determine demand, and a high-demand property can cost more money. So make sure you factor that into your budget before investing – do you risk buying a cheaper house further away from the tourist area and hope your vacation renters will pay to stay there and drive across town?

Or, will you pay more for vacation property close to the landmark because that’s where our renters will prefer to stay?

Con #3. Furnished

Unlike long-term residential renters who want to live in a property for years, vacation renters are coming for a short term with just their suitcases. They need a property that is fully furnished – with beds and couches, but also linens, towels, and cutlery. This can add an additional cost up-front but you can’t NOT have it with a vacation renter!

Con #4. Frequent Cleaning

Vacation renters pay more and stay shorter time than a residential renter. And that can be a good thing but it also comes with a downside: frequent cleaning. You’ll need to clean up the property in between renters and that can take time, especially if you’re cleaning the whole house every week.

Summary

Owning a vacation rental property can be an amazing and lucrative investment. However, make sure you beware of these 4 vacation rental cons before investing and plan for them so you aren’t taken by surprise

Want to see what properties we have available right now and decide whether any of them are perfect for your next vacation property investment? Click here now and fill out form or call our office at (800) 868-0388

About Tino

Tino is a real estate investor located in Florida. He has years of experience in buying and selling residential and commercial properties. Tino has a proven history in creating value and making unparalleled commitments to client investors and entrepreneurs pertaining to property acquisition and finance.

"With rent to owns, you can lock in the sales price and terms upfront, allowing you to purchase the house at a below-market price in a few years"

Rich A. - Financial Planner (Bankrate)

It has been a pleasure working with Tino and the Acumen Investments team. Tino was very nice and courteous from the beginning to the end of the entire process. He kept me informed of everything that was going on. The closing process went very smooth.

Gloria Thompson

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